Treasury Rates for June 7th 2021

 

Security	Interest Rates
91 – Day Bill	12.7061%
182 – Day Bill	13.4299%

In line with the recent decision to ease the monetary policy rate by 100 basis points (bps) on the back of hopes that the inflation rate is likely to be anchored in the central bank’s inflation target band, short-term Government of Ghana Treasury bills rates this week extended their downward streak.

After posting a 2 bps gain last week, the 91-day bill failed to build on its gain as it tumbled by 7 bps this week, the worst in two months. It declined from 12.7799% posted last week to 12.7061% this week.

The 182-day bill fell for the fourth consecutive time as it lost by 8 bps to add onto previous week’s 3 bps decline. It fell to 13.4299% this week from 13.5055% posted last week.

Week-on-Week Changes for 7^th June, 2021

Term	Previous	Current	Change	Percentage Change	Year-to-Date
91 – Day	12.7799%	12.7061%	-0.07	-0.58%		-9.86%
182 – Day	13.5055%	13.4299%	-0.08	-0.56%		-5.09%

Auction results from Bank of Ghana (BoG) tender 1749 showed that the government’s target was narrowly missed after demand rose impressively to beat the government’s offer amount last week.

A total of GHC 1,241.76 million worth of bids were tendered for the 91-day and 182-day bills against the government’s target amount of GHC 1,281.00 million. The government accepted all bids tendered.

Next week, the government will be seeking to raise a total of GHC 1,171.00 million from 91-day, 182-day, and 364-day bills.